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Old 12-22-2012, 12:02 AM  
Direckshun Direckshun is offline
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The fiscal cliff could undo the recovery.

Should we not only take the tumble off the fiscal cliff on January 1st (which, after the GOP's "Plan B" implosion, I now regard as likely) and not get the drastic cuts and tax increases resolved before February (when the cliff is expected to start making its real presence felt), or if we have another debt ceiling standoff in March, we are potentially averting a real recovery.

I don't think we would be plunging into a recession, as the CBO projects it could, because Obama can manipulate when the tax increases actually take effect and he can slowly implement the cuts, radical as all these things are.

But what we are starting to see in the economy is the headwinds of a sturdy recovery that would set the table for a solid recovery in 2014:
  • Personal consumption rose 0.4 percent this past month.
  • Income rose 0.6 percent this month, including a 0.8 percent increase in disposable income -- a hugely important number, as that is more demand being injected into the economy.
  • The third quarter GDP was actually upgraded from 2.7 to 3.1 percent.
  • States have stopped acting as an incredible drag on the economy, though it may still be a couple years before they start contributing to our national GDP.
  • The tepid recovery we've had has occurred in spite of the housing market languishing. Well that dynamic is no more, the housing market is recovering much faster, and is now halfway back to normal.
  • Fourth quarter GDP is up.
  • As for employment, the numbers are better. 43 states and DC report lower unemployment rates, and unemployment now sits at 7.7% nationally.
The absolute only thing that can derail a recovery is ourselves.

We can shoot ourselves in the foot, that's it. A recovery will occur if we do not do that. A steady one in 2013, and a really good one in 2014, with housing gathering steam.
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Old 12-22-2012, 12:15 AM   #2
Prison Bitch Prison Bitch is offline
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Gearing up for yet another "Recovery Summer", eh?
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Old 12-22-2012, 12:21 AM   #3
Direckshun Direckshun is offline
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Originally Posted by Prison Bitch View Post
Gearing up for yet another "Recovery Summer", eh?
What?
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Old 12-22-2012, 03:07 AM   #4
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Old 12-22-2012, 04:34 AM   #5
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There is no doubt that the public would blame the GOP, and it would completely destroy that party for the foreseeable future. They'd disagree, but then again, they all were shocked it wasn't Romney in a landslide, so they don't exactly have the pulse of the people these days. We'll do what we always do, wait and see.
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Old 12-22-2012, 04:40 AM   #6
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What recovery?
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Old 12-22-2012, 06:19 AM   #7
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Old 12-22-2012, 06:34 AM   #8
RNR RNR is offline
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Originally Posted by HonestChieffan View Post
Its Barrys ball. Its his shot.
He planned for this, he is tickled shitless. Everybody pays more taxes and it is of course somebody else's fault. His cult type followers will buy his finger pointing hook line and sinker~
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Old 12-22-2012, 06:46 AM   #9
HonestChieffan HonestChieffan is online now
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Originally Posted by RedNeckRaider View Post
He planned for this, he is tickled shitless. Everybody pays more taxes and it is of course somebody else's fault. His cult type followers will buy his finger pointing hook line and sinker~
And he gets to spend like a madman. Pure win for him.
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Old 12-22-2012, 07:43 AM   #10
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Old 12-22-2012, 08:39 AM   #11
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There's no recovery. It was always a bullshit claim with bogus numbers.

The bond market is going to burst anyway.
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Old 12-22-2012, 08:40 AM   #12
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Quote:
Originally Posted by Mr. Flopnuts View Post
There is no doubt that the public would blame the GOP, and it would completely destroy that party for the foreseeable future. They'd disagree, but then again, they all were shocked it wasn't Romney in a landslide, so they don't exactly have the pulse of the people these days. We'll do what we always do, wait and see.
They'd only blame the GOP because the media told them that. The fact that so many have bought into this "fiscal cliff" is another example. If the congresses passes a budget, two versions and goes home...then Obama could be blamed too.
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Old 12-22-2012, 08:53 AM   #13
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Quote:
Originally Posted by Mr. Flopnuts View Post
There is no doubt that the public would blame the GOP, and it would completely destroy that party for the foreseeable future. They'd disagree, but then again, they all were shocked it wasn't Romney in a landslide, so they don't exactly have the pulse of the people these days. We'll do what we always do, wait and see.
Right, because the MSM won't let their guy take the hit and there are still enough gullible people in this country to buy what they're selling.
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Old 12-22-2012, 09:22 AM   #14
Ebolapox Ebolapox is offline
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Quote:
Originally Posted by Mr. Flopnuts View Post
There is no doubt that the public would blame the GOP, and it would completely destroy that party for the foreseeable future. They'd disagree, but then again, they all were shocked it wasn't Romney in a landslide, so they don't exactly have the pulse of the people these days. We'll do what we always do, wait and see.
the public is ****ing retarded then. this is on BOTH parties. why one party gets to skate while the other takes the whole blame is ****ing stupid.
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Old 12-22-2012, 10:29 AM   #15
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I don't understand why the stimulus skeptics aren't going around posting that the fiscal cliff will be completely harmless. After all, if tax cuts and spending projects don't boost the economy, why would tax hikes and spending cuts hurt it?
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